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Generation “Y” Will Comprise Nearly Half of the Workforce By 2020.

Is Your Office Attracting Them?

The economic conditions and technological advancements with social media have not only changed the way we do business, they have changed us as people. Our priorities. Our motivations. How we communicate. This could not be more true than for the millennial generation born between 1976 and 2006, also known as, Gen Y

With 80 million of these young adults expected to comprise more than 1/3 of the U.S. workforce by 2014 and nearly half by 2020, company leaders who choose to understand both how to attract as well as how to retain these individuals, will most likely surpass those who do not.

The INFOGRAPHIC below, produced by MBA@UNC
and the Young Entrepreneurs Council, is chock full of statistics revealing the differences in past generations (those most likely making hiring decisions now) and Gen Y (those who will define the companies of the future.)

Check out just a few of the findings about “Gen Y”:

they prioritize “meaningful work” over high pay

64% ask about social media policies during interviews

1 in 3 said “social media freedom” is a higher priority than salary

43% are very confident they could find another job if they left their current one

70% are planning to change jobs once the economy improves

30% started a business in college

80% said they prefer feedback in real time rather than via traditional performance reviews

65% said personal development was the most influential factor in their current job

As well as insight on to how to keep them working for you:

Flatter them

Motivate them

Collaborate with them

What changes are you making within the office to inspire the workforce of the future?